That's DWACW!!! Legal statement: This is not to be construed as financial advice, blah, blah, blah.......
NOTE: End of day DWAC closing at NEW all time CLOSING high 3rd day in a row. But DWACW is down 5%. This makes no sense?!?! However one explanation I heard is that a BIG short probably tried to hedge by buying warrants and shorting DWAC. Now they are squeezed and buying to cover DWAC and selling DWACW. Whatever the cause - it is a GIFT!!! GLTA!
I am assuming that the market price at conversion minus 11.50 and minus what you originally paid for the warrant MIGHT be your tax liability. IF that liability is incurred WHEN you convert then I would highly recommend selling the amount you need to pay the taxes. Otherwise, if the stock drops and LGB comes looking for you, then you will still be still liable for the gain at conversion. My thought - cross that bridge when you get there. And ask an accountant. The main question - is tax due at conversion?